Net Asset Value(s)

City Merchants High Yield Trust Limited (CMHY)                                 
                                                                               
As at close of business on 13-September-2019                                   
                                                                               
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value               
                                                                               
EXCLUDING undistributed current year revenue                 187.51p           
                                                                               
INCLUDING current year revenue                               189.54p           
                                                                               
LEI: 549300JLX6ELWUZXCX14